Long term basis: towards UY
On a yearly basis, UY could rise at the close. PY failed as a resistance. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. UY is our main target.
On a quarterly basis, Bollinger bands spread is maximal but shrinking. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our maximal target.
On a monthly basis, a bullish no-crossover is the status for TAM tools. UM / LM spread is expending.
Idea: monthly MACD as a leading indicator
Bet: yearly MACD will be oversold next period.
R = UY (1658), +++; S = MM (1319)
Medium term: bullish type II in progress
On a weekly basis, a type II occurred in T3. A type III could develop next week.
Idea: add long position with a type III
Bet: close long position below PW / bearish below MW (at the close).
R = UW (1486); S= PW (1422.4), MW (1387)
Short term: weak
On a daily basis; Bollinger bands spread is a reference one. No bearish pattern could develop with a NEI on the weekly basis.
Idea: lower as long as our MACD is not oversold
Bet: MACD could be oversold next Wednesday.
R= MD (1451), UD (1471); S= PW (1422.4)
Conclusion: bullish on a medium term basis if PW acts as a support.